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2012
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Mortgage backed securities (MBS) closed up 19 basis points at 104.88 today having come within 4 basis points of resistance at the 25 day moving average prior to coming to rest just 12 points below it. Today's trading is represented by a large green Japanese candlestick which is a bullish sign. ...
10/31/2012
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Stocks were on a roller-coaster today having fallen throughout the day prior to making a comeback late in the day. With no economic reporting today, stocks began with a feeble attempt to make back some of Friday's losses. Shortly thereafter industrial giant Caterpillar reported lower earnings a...
10/22/2012
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Mortgage backed securities (MBS) closed down 19 basis points today at 104.38 having remained below the two levels which had supported them for months. MBS bonds are precariously floating above the 50 day moving average just 28 basis points below. It will be interesting to see how bonds fare thi...
10/22/2012
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MBS Market – mortgage backed securities (MBS) are the underlying bonds that determine our conforming interest rates. MBS bonds normally move in the opposite direction from stocks. MBS bonds thrive on most bad news. They, like U.S. treasuries, are used as a safe haven by investors across the gl...
10/19/2012
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1. Interest took a wild ride last week. The conforming 30 year fixed rate for loans up to $417,000 began the week at 3.25% and were up to 3.50% on Friday. High balance conforming loans, those that exceed $417,000 and are no more than $601,450. Ranged from $3.375% to 3.625%. The jumbo which...
10/19/2012
After two days of circling around the break even level, stocks pulled repeat performance today. Travelers and Verizon reported positive earnings for the last quarter this morning but the failed to give stocks a jolt. Initial jobless claims exhibited a large increase this week to 388,000. That ...
10/18/2012
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Mortgage backed securities (MBS) closed down 9 basis points today at 104.22 having falling to with 16 basis points of support offered by the 50 day moving average after having come within 6 basis point of it during the trading session. Today represented the second consecutive day with repricing ...
10/18/2012
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Mortgage backed securities (MBS) closed down 53 basis points today at 104.31 having fallen a full 69 basis points below the long lasting support offered by the 25 day moving average and landing just 27 basis points above support at the 50 day moving average. This represents a huge change from th...
10/17/2012
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As the earnings season begins rolling in earnest some of the Dow Components showed solid earning power today. Goldman Sachs released numbers which made traders happy this morning. It is not only how firms did in the past quarter that is being scrutinized. Analysts are also looking at the forec...
10/16/2012
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Mortgage backed securities closed down 22 basis points today at 104.84 having fallen below and closed below the 25 day moving average for the first time since August. Some heavy selling by Mortgage Bankers rather than investors led to many of the losses on the day. Spain is in the midst of tryi...
10/16/2012
